... of a business entity are recorded at the original cost price. ... (originals) Books of Prime Entry (Journal Entries) Ledgers. Trial Balance. Adjustments ...
If the total of debit amounts is bigger than credits, the account has a debit balance ... purpose of a trial balance is to prove debits = credits after posting. ...
There are two styles of accounting: Single-entry and double-entry bookkeeping systems, but what are the differences that set these two methodologies apart?
What We Now Know (About Double-Entry Book-Keeping) Ledgers. Balancing. Trial ... over the estimated useful life of the unit in a systematic and rational manner. ...